Adidas Won't Sell Reebok, Says CEO -- Report

TODAY: May 3, 2015 PUB DATE: May 3, 2015

By Eyk Henning Adidas AG's (ADS.XE) chief executive said the German sportswear maker won't sell Reebok as its fitness brand has turned its fortunes around and is set to profit from future trends, according to an interview in German weekly ...

Correction to Indonesia Stocks Article on Wednesday

TODAY: May 3, 2015 PUB DATE: May 2, 2015

Indonesia's slide has wiped out all the benchmark JSX index's gains this year, leaving it as Asia's worst performer of 2015. "Indonesia Market Falls for Third Straight Day," at 1053 GMT on April 29, misstated the year as 2014 in ...

TWC's Gains Alter Deal Prospects

TODAY: May 3, 2015 PUB DATE: May 2, 2015

(FROM THE WALL STREET JOURNAL 5/2/15) By Shalini Ramachandran Part of Charter Communications Inc.'s case for taking over Time Warner Cable Inc. has been that it could do a better job running its rival cable operator. First-quarter results from the ...

Drug Maker Mylan Sues Law Firm Kirkland & Ellis

TODAY: May 3, 2015 PUB DATE: May 2, 2015

By Liz Hoffman Mylan NV sued Kirkland & Ellis LLP over the law firm's role advising Teva Pharmaceutical Industries Ltd., which is in a bitter takeover battle with the drug maker. Mylan said in a complaint, filed in Pennsylvania state ...

AbbVie Extends Exchange Offer to Acquire Pharmacyclics

TODAY: May 3, 2015 PUB DATE: May 2, 2015

By Maria Armental AbbVie Inc. (ABBV) on Friday said it is again extending its exchange offer to buy cancer biotech Pharmacyclics Inc. (PCYC) in a cash-and-stock deal valued at $21 billion. The pharmaceutical giant, which last year called off a ...

Australia Stiffens Penalties Against Foreign Property Investors

TODAY: May 3, 2015 PUB DATE: May 2, 2015

By Vera Sprothen SYDNEY--The Australian government has toughened penalties to stop foreign investors from illegally buying homes in the country's overheating property market, saying those breaching investment laws would face three-year jail terms and fines of as much as 637,500 ...

China Manufacturing Activity Holds Steady --Update

TODAY: May 3, 2015 PUB DATE: May 1, 2015

By William Kazer BEIJING--China's manufacturing and services sectors showed signs of modest growth last month, though not enough to erase concerns about the downward drift of the world's second largest economy. Analysts said that an array of stimulus measures by ...

House Approves GOP Bicameral Budget Deal

TODAY: May 3, 2015 PUB DATE: May 1, 2015

By Kristina Peterson And Nick Timiraos WASHINGTON--The House on Thursday approved a joint House-Senate GOP budget deal that outlines deep cuts in spending over the next decade. But many lawmakers were already looking for ways to ease more modest spending ...

Euro Climbs to Two-Month High Against Dollar

TODAY: May 3, 2015 PUB DATE: May 1, 2015

The euro climbed to a fresh two-month high against the dollar Friday, extending its recent rebound against the buck in quiet holiday trade. The common currency was 0.3% higher at $1.1253, its strongest level since late February, before the European ...

China Official Nonmanufacturing Gauge Softens in April

TODAY: May 3, 2015 PUB DATE: May 1, 2015

BEIJING--China's official nonmanufacturing Purchasing Managers' Index, a gauge of activity outside factory floors, fell to 53.4 in April from 53.7 in March, the China Federation of Logistics and Purchasing said on Friday. A reading above 50 indicates expansion while a ...

Repsol Chief Executive Josu Jon Imaz Set to Tackle Talisman Takeover

TODAY: May 3, 2015 PUB DATE: May 1, 2015

By Christopher Bjork MADRID--After assuming full executive powers at Repsol SA this week, Chief Executive Josu Jon Imaz now faces the challenge of completing the Spanish oil giant's biggest acquisition in years--while pushing the steep cost-cutting needed to survive today's ...

Press Release: PMI(R) at 51.5%; April -2-

TODAY: May 3, 2015 PUB DATE: May 1, 2015

The 13 industries reporting growth in production during the month of April -- listed in order -- are: Textile Mills; Plastics & Rubber Products; Nonmetallic Mineral Products; Paper Products; Printing & Related Support Activities; Fabricated Metal Products; Food, Beverage & ...

CURRENCIES: Middling Manufacturing Data Push Dollar Higher

TODAY: May 3, 2015 PUB DATE: May 1, 2015

By Joseph Adinolfi, MarketWatch Traders anxious to sell euros and lock in profits ahead of weekend: analyst A spate of mediocre reports on manufacturing activity, released Friday, helped the dollar reverse earlier losses against the euro. But the buck was ...

U.S. Manufacturing PMI Unchanged at 51.5 in April--Update

TODAY: May 3, 2015 PUB DATE: May 1, 2015

By Kathleen Madigan U.S. manufacturers said activity continued to expand in April but at a modest pace, according to a survey released Friday by the Institute for Supply Management. Employment contracted last month, an ominous sign for next Friday's payrolls ...

CVS Health Raises Low End of Earnings Outlook

TODAY: May 3, 2015 PUB DATE: May 1, 2015

By Chelsey Dulaney CVS Health Corp. bumped up the low end of its 2015 earnings guidance on Friday but gave a soft outlook for its current quarter. Shares gained 0.5% in premarket trading as the company also reported better-than-expected results ...

Oil Slips Ahead of Drilling Data

TODAY: May 3, 2015 PUB DATE: May 1, 2015

By Nicole Friedman NEW YORK--Oil prices retreated from 2015 highs on Friday as traders took stock of the recent strong rally and waited on weekly drilling data. Light, sweet crude for June delivery recently traded down 45 cents, or 0.8%, ...

BNP Paribas to Pay $140 Million Fine in Sanctions Case

TODAY: May 3, 2015 PUB DATE: May 1, 2015

By Angela Chen BNP Paribas SA will pay a fine of $140 million and face a five-year probation for violating U.S. sanctions, putting its total financial penalty in the high-profile cast at nearly $9 billion. Paris-based BNP agreed last year ...